Bharat Dynamics Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	5,496	6,127	3,522	4,999	2,578
Depreciation & Amortization	699.96	666.68	767.34	886.57	924.27
Other Amortization	7	3.72	5.24	16.98	21.11
Loss (Gain) From Sale of Assets	0.16	0.62	-1.01	0.09	-1.03
Loss (Gain) From Sale of Investments	-12.03	-12.54	-13.02	31.76	-20.06
Other Operating Activities	-816.29	-2,394	-1,893	344.79	-577.91
Change in Accounts Receivable	-5,159	-1,259	1,196	185.31	156.75
Change in Inventory	-6,476	-1,632	-1,795	-2,614	-5,441
Change in Accounts Payable	7,072	3,340	-880.92	-1,901	3,971
Change in Other Net Operating Assets	862.28	-723.93	20,395	3,347	9,069
Operating Cash Flow	1,674	4,117	21,303	5,297	10,680
Operating Cash Flow Growth	-59.34%	-80.67%	302.19%	-50.41%	111.81%
Capital Expenditures	-2,827	-808.9	-1,083	-1,020	-566.09
Sale of Property, Plant & Equipment	0.04	1.75	1.94	0.05	1.12
Investment in Securities	-4,258	-8,287	-11,715	-5,305	-7,380
Other Investing Activities	3,014	1,870	1,085	594.79	607.51
Investing Cash Flow	-4,071	-7,224	-11,710	-5,730	-7,338
Long-Term Debt Repaid	-16.26	-14.66	-13.2	-11.85	-10.61
Net Debt Issued (Repaid)	-16.26	-14.66	-13.2	-11.85	-10.61
Common Dividends Paid	-2,167	-1,452	-1,669	-1,453	-1,691
Other Financing Activities	-19.19	-17.15	-31.46	-20.34	-25.23
Financing Cash Flow	-2,202	-1,484	-1,714	-1,485	-1,726
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	-4,600	-4,590	7,878	-1,919	1,616
Free Cash Flow	-1,154	3,308	20,220	4,276	10,114
Free Cash Flow Growth	-	-83.64%	372.85%	-57.72%	126.10%
Free Cash Flow Margin	-3.45%	13.96%	81.22%	15.18%	52.85%
Free Cash Flow Per Share	-3.15	9.03	55.16	11.67	27.59
Cash Interest Paid	19.19	17.15	31.46	20.34	25.23
Cash Income Tax Paid	2,031	1,560	2,181	2,034	778.22
Levered Free Cash Flow	2,167	-2,105	-3,216	1,394	9,919
Unlevered Free Cash Flow	2,179	-2,094	-3,197	1,407	9,935
Change in Working Capital	-3,701	-274.15	18,915	-982.83	7,756

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.